InvestSMART

Lycopodium Limited (ASX:LYL)

ALERT: Price-sensitive ASX Announcement for LYL
Current share price for LYL : $21.670 3.84 (21.54%)+
Announcement
Release
29 Jul 2026 9:23AM
Price at Release
$17.830
Full Release
download
Summary
Lycopodium Limited, a leader in engineering, project, construction, and asset management, announced it has been awarded a Detailed Engineering Services contract by Pilgangoora Operations Pty Ltd for the P2000 Expansion Project at the Pilgangoora Operation in Western Australia. Valued at approximately A$22 million, the contract involves the design of a new Wet Plant to increase production capacity to 2 million tonnes of lithium spodumene concentrate annually. This contract follows the completion of the Front-End Engineering Design by Lycopodium, furthering their longstanding collaboration with PLS Group. The project is part of the global energy transition, with work commencing immediately.
Key Points
  • Lycopodium Limited awarded Detailed Engineering Services contract.
  • Contract is for the Pilgangoora Plant Expansion Project.
  • Contract value approximately A$22 million.
  • Work starts immediately.
  • Contract follows completion of Front-End Engineering Design.
  • Pilgangoora Operation located in Pilbara, Western Australia.
  • Lycopodium has a longstanding partnership with PLS Group.
  • The expansion targets a production capacity of 2 million tonnes per annum.
  • Peter De Leo, Managing Director, cites ongoing involvement in global energy transition.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.